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What Does China Do When The Stimulus Well Is Dry?

247Wallst | Thu, 06/11/2009 - 3:32pm | China, Chinese economic stimulus, Chinese Economy, Chinese exports, Chinese government, what does $585 billion buy you |  Add a comment

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There is no shortage of cleverness among the bureaucrats who run China. Exports in May fell more than 26% according to the country’s custom’s agency. That rate was worse than the 22.6% decline in April. To balance the drop in exports, the Chinese government has continued to pump what it says will be $585 billion into the national economy. That helped May capital investment spending to jump almost 39%.
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